Quota System
5.1 Overview
The Quota System of VinuChain represents a pioneering innovation in the blockchain industry, with the original concept of a quota system being built on Vite Chain. Built around incentivized staking, the Quota System introduces a new paradigm for executing transactions that serves to accommodate the diverse needs of network users.
At its core, the Quota System on VinuChain operates on the premise of quota allocation for transactions. By staking a predefined minimum amount of the native token, VC participants in the network earn a daily quota that allows them to conduct transactions on the network without any incurred fees. This quota, computed based on several factors including the amount and duration of staking, is refreshed on a 24-hour cycle, offering stakeholders consistent access to transactional capabilities.
To safeguard against disproportionate quota allocation and maintain equitable network use, a maximum quota threshold is in place. This limit establishes an optimal balance between incentivizing substantial token staking and preventing an undue concentration of transactional power.
The standout feature of the Quota System is its cash-back mechanism. As stakeholders perform transactions, they are reimbursed the equivalent of the gas fees, effectively enabling feeless transactions. This reimbursement is facilitated through a calculated inflation of the native VC token, thereby sustainably financing the cash-back mechanism.
The Quota System, however, is not applicable for participants who choose not to stake or those who stake but do not meet the minimum threshold. These users can still interact with the VinuChain network through standard transactions that come with regular fees. These fees are dynamically determined based on factors such as network congestion and overall usage. This ensures that all users benefit from VinuChain's high-speed, scalable architecture without prohibitive costs.
The Quota System is particularly advantageous for implementing efficient micro-transactions, a facet often overlooked in traditional blockchain networks due to the hefty transaction fees. Businesses and applications can seamlessly integrate micro-transaction models into their systems with the Quota System, delivering greater value to their users.
5.2 Mechanism of Gas Refund
The backend calculates what cash-back a user with a quota should receive per day (00:00 am to 23:59 pm UTC). At 01:00 am, the airdrop starts, where the gas price is returned to each user in accordance with the calculation that will be presented below.
EOA (Externally Owned Address) is an Ether address owned by a pair of keys, in contrast to the Smart Contract Address, which is controlled by a code deployed on the blockchain (wallet).
Quota is a cumulative cap that each EOA has, depending on the number of tokens staked by an address, the activity of the address on the network, and the overall network load.
5.3 Zero Gas Fee
Zero gas fee will be available in the following way:
For each transaction calculate cash-back for the quota of the transaction's sender address (from), but no more than gasUsed.
Remove the quota used in the previous step from the address. Make it so that for the next transaction of this address of this and subsequent blocks, the available quota decreases (ignoring the increase in quota that occurs every block - in fact, if the transaction is small enough, the available quota may not change or increase).
The airdrop system will return cash-back to users for the used gas in accordance with the quota.
5.4 Theory
The EOA quota for i-block is calculated via formula:
Qi(gi, i)=M(1-21+eLi(gi) i ),
Where:
gi β avg. quota for per block used on the network by all addresses in blocks: [i-75, i-1]
i β the number of tokens staked by this address in i-block
Li(gi) β network load parameter in the i-block
M = 1000000
= 3.13478991*10^(-22)
The network load parameter is calculated as:
To get the current quota balance for an address need:
Q(i)=(j=i-74iQj) - (j=i-74iUj),
Where Uj β quota, used by this address in the j-block.
Using the data collected above, it is elementary to calculate Q(i) addresses in some block i.
The available quota of an account depends on UTPS and quota consumption during the last 74 snapshot blocks. For example, Account A receives 1 UTPS quota through staking, no transaction occurs during the last 74 snapshot blocks, in this case, the available quota of Account A is 75 UT.
UTPS: Unit transactions per second, referring to the number of unit transactions that an account can send in one second.
UTPS=Qi/21000β
UTPE: Unit transactions per epoch, referring to the number of unit transactions that an account can send in 75 snapshot blocks.
UTPE=UTPSΓ75
The available quota of an account depends on UTPS and quota consumption during the last 74 snapshot blocks. For example, Account A receives 1 UTPS quota through staking, no transaction occurs during the last 74 snapshot blocks, in this case, the available quota of Account A is 75 UT.
5.5 Quota Cap
For a single transaction, the maximum quota that can be consumed is defined as 47.62 UT.
For convenience in calculation, it is practical to calculate value of (ΞΎiΓΟ) and then map the result to quota according to the following table:
(ΞΎiΓΟ)
Q
UTPS
UTPE
Approximately equivalent to how much VC is staked
0.0
0
0
0
0
(0,0.0005600000146345639]
280
1/75
1
134
(0.0005600000146345639,0.0011200001170773874]
560
2/75
2
267
(0.0011200001170773874,0.0016800003951362111]
840
3/75
3
400
(0.0016800003951362111,0.002240000936619286]
1120
4/75
4
534
(0.002240000936619286,0.002800001829335484]
1400
5/75
5
667
(0.002800001829335484,0.003360003161093523]
1680
6/75
6
800
(0.003360003161093523,0.003920005019702078]
1960
7/75
7
934
(0.003920005019702078,0.004480007492972107]
2240
8/75
8
1067
(0.004480007492972107,0.0050400106687125265]
2520
9/75
9
1200
(0.0050400106687125265,0.005600014634735637]
2800
10/75
10
1334
(0.005600014634735637,0.006160019478852362]
3080
11/75
11
1467
(0.006160019478852362,0.006720025288875452]
3360
12/75
12
1600
(0.006720025288875452,0.0072800321526182606]
3640
13/75
13
1733
(0.0072800321526182606,0.007840040157895736]
3920
14/75
14
1867
(0.007840040157895736,0.008400049392522762]
4200
15/75
15
2000
(0.008400049392522762,0.008960059944316465]
4480
16/75
16
2133
(0.008960059944316465,0.009520071901094992]
4760
17/75
17
2267
(0.009520071901094992,0.01008008535067674]
5040
18/75
18
2400
(0.01008008535067674,0.010640100380883094]
5320
19/75
19
2533
(0.010640100380883094,0.011200117079536328]
5600
20/75
20
2667
(0.011200117079536328,0.011760135534459705]
5880
21/75
21
2800
(0.011760135534459705,0.012320155833478902]
6160
22/75
22
2933
(0.012320155833478902,0.012880178064420343]
6440
23/75
23
3066
(0.012880178064420343,0.013440202315113498]
6720
24/75
24
3200
(0.013440202315113498,0.01400022867338966]
7000
25/75
25
3333
(0.01400022867338966,0.01456025722708073]
7280
26/75
26
3466
(0.01456025722708073,0.015120288064022377]
7560
27/75
27
3600
(0.015120288064022377,0.015680321272051077]
7840
28/75
28
3733
(0.015680321272051077,0.01624035693900638]
8120
29/75
29
3866
(0.01624035693900638,0.016800395152729273]
8400
30/75
30
4000
(0.016800395152729273,0.017360436001064444]
8680
31/75
31
4133
(0.017360436001064444,0.01792047957185776]
8960
32/75
32
4266
(0.01792047957185776,0.018480525952958973]
9240
33/75
33
4400
(0.018480525952958973,0.019040575232219203]
9520
34/75
34
4533
(0.019040575232219203,0.019600627497492765]
9800
35/75
35
4666
(0.019600627497492765,0.020160682836636825]
10080
36/75
36
4799
(0.020160682836636825,0.020720741337511922]
10360
37/75
37
4933
(0.020720741337511922,0.021280803087980315]
10640
38/75
38
5066
(0.021280803087980315,0.021840868175909127]
10920
39/75
39
5199
(0.021840868175909127,0.022400936689166498]
11200
40/75
40
5333
(0.022400936689166498,0.022961008715626032]
11480
41/75
41
5466
(0.022961008715626032,0.02352108434316254]
11760
42/75
42
5599
(0.02352108434316254,0.024081163659656016]
12040
43/75
43
5733
(0.024081163659656016,0.02464124675298827]
12320
44/75
44
5866
(0.02464124675298827,0.025201333711046034]
12600
45/75
45
5999
(0.025201333711046034,0.025761424621719303]
12880
46/75
46
6133
(0.025761424621719303,0.02632151957290144]
13160
47/75
47
6266
(0.02632151957290144,0.026881618652489236]
13440
48/75
48
6399
(0.026881618652489236,0.027441721948384734]
13720
49/75
49
6533
(0.027441721948384734,0.028001829548493135]
14000
50/75
50
6666
(0.028001829548493135,0.02856194154072289]
14280
51/75
51
6799
(0.02856194154072289,0.02912205801298835]
14560
52/75
52
6933
(0.02912205801298835,0.029682179053206414]
14840
53/75
53
7066
(0.029682179053206414,0.030242304749299606]
15120
54/75
54
7199
(0.030242304749299606,0.030802435189193574]
15400
55/75
55
7333
(0.030802435189193574,0.03136257046081975]
15680
56/75
56
7466
(0.03136257046081975,0.03192271065211283]
15960
57/75
57
7599
(0.03192271065211283,0.03248285585101344]
16240
58/75
58
7733
(0.03248285585101344,0.03304300614546563]
16520
59/75
59
7866
(0.03304300614546563,0.033603161623419094]
16800
60/75
60
7999
(0.033603161623419094,0.03416332237282837]
17080
61/75
61
8133
(0.03416332237282837,0.03472348848165249]
17360
62/75
62
8266
(0.03472348848165249,0.03528366003785593]
17640
63/75
63
8399
(0.03528366003785593,0.03584383712940819]
17920
64/75
64
8533
(0.03584383712940819,0.036404019844283514]
18200
65/75
65
8666
(0.036404019844283514,0.036964208270462595]
18480
66/75
66
8799
(0.036964208270462595,0.037524402495930566]
18760
67/75
67
8933
(0.037524402495930566,0.038084602608677874]
19040
68/75
68
9066
(0.038084602608677874,0.03864480869670122]
19320
69/75
69
9199
(0.03864480869670122,0.03920502084800278]
19600
70/75
70
9333
(0.03920502084800278,0.039765239150590236]
19880
71/75
71
9466
(0.039765239150590236,0.04032546369247644]
20160
72/75
72
9599
(0.04032546369247644,0.04088569456168163]
20440
73/75
73
9733
(0.04088569456168163,0.04144593184623087]
20720
74/75
74
9866
(0,0.042006175634155006]
21000
1
75
10000
(0.042006175634155006,0.08404944434245186]
42000
2
150
20007
(0.08404944434245186,0.1261670961035256]
63000
3
225
30033
(0.1261670961035256,0.16839681732546105]
84000
4
300
40085
(0.16839681732546105,0.2107768956769977]
105000
5
375
50173
(0.2107768956769977,0.25334643304410037]
126000
6
450
60306
(0.25334643304410037,0.2961455696376917]
147000
7
525
70494
(0.2961455696376917,0.3392157225669637]
168000
8
600
80746
(0.3392157225669637,0.382599842575369]
189000
9
675
91073
(0.382599842575369,0.4263426931297194]
210000
10
750
101486
(0.4263426931297194,0.4704911566788094]
231000
11
825
111995
(0.4704911566788094,0.5150945736855665]
252000
12
900
122612
(0.5150945736855665,0.5602051210238872]
273000
13
975
133350
(0.5602051210238872,0.605878237567604]
294000
14
1050
144222
(0.605878237567604,0.6521731063496397]
315000
15
1125
155241
(0.6521731063496397,0.6991532046201573]
336000
16
1200
166424
(0.6991532046201573,0.7468869355972497]
357000
17
1275
177787
(0.7468869355972497,0.7954483588344243]
378000
18
1350
189346
(0.7954483588344243,0.8449180401302736]
399000
19
1425
201122
(0.8449180401302736,0.8953840470548413]
420000
20
1500
213135
(0.8953840470548413,0.9469431228444231]
441000
21
1575
225407
(0.9469431228444231,0.9997020801479394]
462000
22
1650
237966
(0.9997020801479394,1.053779467629503]
483000
23
1725
250838
(1.053779467629503,1.1093075777848576]
504000
24
1800
264056
(1.1093075777848576,1.1664348850068706]
525000
25
1875
277654
(1.1664348850068706,1.2253290311060194]
546000
26
1950
291673
(1.2253290311060194,1.286180514353531]
567000
27
2025
306158
(1.286180514353531,1.3492072924575544]
588000
28
2100
321161
(1.3492072924575544,1.4146605870070175]
609000
29
2175
336741
(1.4146605870070175,1.4828322881625378]
630000
30
2250
352969
(1.4828322881625378,1.554064521717701]
651000
31
2325
369924
(1.554064521717701,1.6287621852605034]
672000
32
2400
387705
(1.6287621852605034,1.707409634545938]
693000
33
2475
406426
(1.707409634545938,1.7905932883378723]
714000
34
2550
426227
(1.7905932883378723,1.8790328663947373]
735000
35
2625
447279
(1.8790328663947373,1.97362554890186]
756000
36
2700
469795
(1.97362554890186,2.0755100566945326]
777000
37
2775
494048
(2.0755100566945326,2.186162517630361]
798000
38
2850
520387
(2.186162517630361,2.3075451472522963]
819000
39
2925
549280
(2.3075451472522963,2.4423470353692043]
840000
40
3000
581368
(2.4423470353692043,2.594395323511559]
861000
41
3075
617561
(2.594395323511559,2.7694056956796604]
882000
42
3150
659220
(2.7694056956796604,2.976475888792767]
903000
43
3225
708510
(2.976475888792767,3.2314282909393213]
924000
44
3300
769198
(3.2314282909393213,3.5656840708200748]
945000
45
3375
848763
(3.5656840708200748,4.057395776090949]
966000
46
3450
965808
(4.057395776090949,5.029431885090279]
987000
47
3525
1197189
Li(gi) in the quota calculation formula is specifically for this purpose.
The following table shows the minimum required staking amount for sending a transfer transaction without comment under different congestion situation:
Average quota consumption during last 74 snapshot blocks (UT)
Congestion factor
The minimum staking amount (VC)
0-50
1
134
51
0.987079620361328125
135
52
0.97399139404296875
137
53
0.960735321044921875
139
54
0.947307586669921875
141
55
0.93370819091796875
143
56
0.919933319091796875
145
57
0.905979156494140625
147
58
0.891841888427734375
150
59
0.877529144287109375
152
60
0.8630218505859375
155
61
0.84833526611328125
157
62
0.833454132080078125
160
63
0.81838226318359375
163
64
0.8031158447265625
166
65
0.787654876708984375
170
66
0.771991729736328125
173
67
0.756122589111328125
177
68
0.740055084228515625
181
69
0.72377777099609375
185
70
0.707286834716796875
189
71
0.690586090087890625
194
72
0.67366790771484375
198
73
0.656536102294921875
204
74
0.6391754150390625
209
75
0.621593475341796875
215
76
0.603786468505859375
221
77
0.58574676513671875
228
78
0.567474365234375
236
79
0.548969268798828125
244
80
0.53022003173828125
252
81
0.51123046875
262
82
0.491994857788085938
272
83
0.472513198852539062
283
84
0.452777862548828125
295
85
0.432788848876953125
309
86
0.412540435791015625
324
87
0.392030715942382812
341
88
0.371255874633789062
360
89
0.350214004516601562
382
90
0.328899383544921875
407
91
0.307306289672851562
436
92
0.28543853759765625
469
93
0.263286590576171875
508
94
0.240848541259765625
556
95
0.218120574951171875
614
96
0.195098876953125
686
97
0.171779632568359375
780
98
0.148159980773925781
904
99
0.124234199523925781
1078
100
0.0999999046325683594
1339
101
0.0997366905212402344
1343
102
0.0994729995727539062
1347
103
0.0992097854614257812
1350
104
0.0989465713500976562
1354
105
0.0986838340759277344
1357
106
0.0984206199645996094
1361
107
0.0981578826904296875
1365
108
0.0978946685791015625
1368
109
0.0976319313049316406
1372
110
0.0973691940307617188
1376
111
0.0971064567565917969
1379
112
0.0968441963195800781
1383
113
0.0965814590454101562
1387
114
0.0963191986083984375
1391
115
0.0960564613342285156
1395
116
0.0957942008972167969
1398
117
0.0955319404602050781
1402
118
0.0952696800231933594
1406
119
0.0950074195861816406
1410
120
0.0947461128234863281
1414
121
0.0944838523864746094
1418
122
0.0942220687866210938
1422
123
0.093959808349609375
1426
124
0.0936980247497558594
1430
125
0.0934362411499023438
1434
126
0.0931744575500488281
1438
127
0.0929136276245117188
1442
128
0.0926518440246582031
1446
129
0.0923900604248046875
1450
130
0.0921292304992675781
1454
131
0.0918679237365722656
1458
132
0.09160614013671875
1462
133
0.0913453102111816406
1466
134
0.0910844802856445312
1471
135
0.0908231735229492188
1475
136
0.0905623435974121094
1479
137
0.090301513671875
1483
138
0.0900406837463378906
1488
139
0.0897798538208007812
1492
140
0.089519500732421875
1496
141
0.0892586708068847656
1501
142
0.0889983177185058594
1505
143
0.08873748779296875
1510
144
0.0884771347045898438
1514
145
0.0882167816162109375
1518
146
0.0879564285278320312
1523
147
0.0876965522766113281
1527
148
0.0874361991882324219
1532
149
0.0871763229370117188
1537
150
0.0869164466857910156
1541
151
0.0866560935974121094
1546
152
0.0863962173461914062
1550
153
0.0861368179321289062
1555
154
0.0858774185180664062
1560
155
0.0856170654296875
1565
156
0.085357666015625
1569
157
0.0850982666015625
1574
158
0.0848388671875
1579
159
0.0845794677734375
1584
160
0.0843205451965332031
1589
161
0.0840606689453125
1594
162
0.0838017463684082031
1599
163
0.0835423469543457031
1603
164
0.0832834243774414062
1608
165
0.0830245018005371094
1613
166
0.0827655792236328125
1619
167
0.0825066566467285156
1624
168
0.0822482109069824219
1629
169
0.081989288330078125
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0.00380147993564605713
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0.00332550704479217529
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0.00308759510517120361
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0.00284975767135620117
47021
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0.00261196494102478027
51302
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0.00237426161766052246
56438
491
0.00213660299777984619
62716
492
0.00189901143312454224
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0.00166147947311401367
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0.00142402201890945435
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495
0.00118660926818847656
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0.000949271023273468018
141160
497
0.000711996108293533325
188203
498
0.000474780797958374023
282235
499
0.000237626954913139343
563908
500
5.36001607542857528e-07
249999999
5.6 Quota Consumption Rules
The following table lists quota consumption of common transactions:
Transaction Type
Quota Consumed
In Unit Transaction (UT)
Minimum Staking Amount (VC)
Send a transfer without comment
21000
1
134
Create smart contract
41825
1.4762
267
Stake for quota
104166
5
667
Cancel staking
104166
5
667
Stake for quota with callback
124738
5.5
800
Cancel staking with callback
124738
5.5
800
Burn token
124738
5.5
800
Transfer token ownership
145357
6.5
934
Change token type
124738
5.5
800
Query token information
41825
1.5
267
In addition, each character in the comment field of a transaction consumes 68 quota.
For example, sending a transfer transaction with comment of '0x0001' (two hexadecimal characters) will consume Q=21000+68β2=21136 quota, which translates to 1.0065 UT
5.7 Airdrop for Cashback
Decentralized airdrop integrated into the node of the blockchain network. The airdrop system will return cashback to users for the used gas in accordance with the quota. A contract with the ability to mint a token is deployed to the genesis file. This file is called only by the blockchain when airdropping tokens for gas cashback for transactions.
5.8 Staking
The user has the opportunity to stake their VC tokens on the corresponding page. When staking, the user doesnβt receive a reward, but increases his quota (i) for the return of commissions.
In conclusion, VinuChain's Quota System marks a significant leap forward in the redefinition of user engagement with blockchain networks. By catering to both stakers and non-stakers in its unique transaction model, the system promotes broader adoption and diverse application of blockchain technology. The upcoming sections will delve deeper into VinuChain's architecture, the foundational workings of the Quota System, and the future roadmap for this promising platform.
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